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4125 W Owen K Garriott Rd
Enid, OK 73703
IHOP · Retail Property For Sale
Investment Highlights
- Absolute NNN lease with zero landlord responsibilities and 1% annual rent increases
- Attractive 8.00% cap rate and stable NOI of $116,400 annually
- Recently extended 10-year lease with ±11.5 years remaining on base term
- Located on a 1.08-acre lot along Enid’s main retail corridor with 21,000+ VPD
Executive Summary
Kyle Matthews
Matthews Real Estate Investment Services, Inc
License # 180759, 180760 (OK)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 180759, 180760 (OK)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,081 SF
Building Class
B
Year Built
2001
Price
$1,455,000
Price Per SF
$356.53
Cap Rate
8%
NOI
$116,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.08 AC
Parking
60 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
91’ on Owen K Garriott Rd
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 0000-15-22N-07W-1-155-00 | Improvements Assessment | $58,968 |
| Land Assessment | $42,528 | Total Assessment | $101,496 |
Property Taxes
Parcel Number
0000-15-22N-07W-1-155-00
Land Assessment
$42,528
Improvements Assessment
$58,968
Total Assessment
$101,496
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